Valuation PBA Holdings

Stocks

Delayed BURSA MALAYSIA 12:00:01 18/08/2026 pm IST			5-day change	1st Jan Change
2.260 ^MYR	-1.74%		+4.63%	+19.58%

04/08	Pba Holdings Bhd Announces Cessation of Yb Dato' Seri Haji Zulkifli Bin Long as Non-Independent and Non-Executive Director , Effective August 2, 2026	CI
14/07	PBA Holdings, Gamuda Extend Deadline for Penang Bulk Water Supply Agreement	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	286.3	274.7	251.6	483.3	741.4	625.6
Change	-	-4.05%	-8.43%	92.1%	53.42%	-15.63%
Enterprise Value (EV) ¹	424.4	375.8	299.6	478.7	684.6	595.2
Change	-	-11.45%	-20.29%	59.82%	43.01%	-13.07%
P/E	11.6x	7.48x	3.26x	14.1x	5.14x	5.46x
PBR	0.41x	0.37x	0.28x	0.52x	0.7x	0.54x
PEG	-	0.2x	0x	-0.3x	0x	-0.3x
Capitalization / Revenue	0.85x	0.82x	0.72x	1.14x	1.41x	1.1x
EV / Revenue	1.26x	1.12x	0.86x	1.13x	1.3x	1.05x
EV / EBITDA	3.95x	3.61x	2.89x	3.35x	3.02x	2.45x
EV / EBIT	9.51x	9.15x	7.26x	5.94x	4.34x	3.59x
EV / FCF	-256x	9.46x	4.73x	8.14x	17.5x	-23.1x
FCF Yield	-0.39%	10.6%	21.1%	12.3%	5.73%	-4.33%
Dividend per Share ²	0.0225	0.0225	0.03	0.035	0.045	0.05
Rate of return	2.6%	2.71%	3.95%	2.4%	2.01%	2.65%
EPS ²	0.0748	0.111	0.233	0.1038	0.4356	0.3461
Distribution rate	30.1%	20.3%	12.9%	33.7%	10.3%	14.4%
Net sales ¹	336.3	334.8	348	423.6	527.6	568.4
EBITDA ¹	107.4	104.2	103.8	143.1	226.8	243.1
EBIT ¹	44.63	41.1	41.28	80.55	157.6	165.7
Net income ¹	24.76	36.74	77.12	34.35	144.2	114.5
Net Debt ¹	138.1	101.1	47.99	-4.511	-56.78	-30.41
Reference price ²	0.865	0.830	0.760	1.460	2.240	1.890
Nbr of stocks (in thousands)	3,30,998	3,30,998	3,30,997	3,30,996	3,30,995	3,30,994
Announcement Date	30/04/21	29/04/22	28/04/23	30/04/24	30/04/25	30/04/26

¹MYR in Million²MYR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
PBA HOLDINGS	-	-	-	-	19Cr
AMERICAN WATER WORKS COMPANY, INC.	22.08x	7.92x	13.85x	2.63%	2.67TCr
GUANGDONG INVESTMENT LIMITED	11.03x	3.01x	5.67x	5.86%	682.51Cr
COMPANHIA DE SANEAMENTO DE MINAS GERAIS	16.36x	3.67x	8.83x	3.63%	400.74Cr
BEIJING ENTERPRISES WATER GROUP LIMITED	13.08x	4.14x	13.35x	7.22%	286.85Cr
H2O AMERICA	22.14x	5.55x	14.15x	2.79%	264.58Cr
COMPANHIA DE SANEAMENTO DO PARANÁ - SANEPAR	5.96x	2.15x	4.84x	5.61%	190.15Cr
WATERBRIDGE INFRASTRUCTURE LLC	158.9x	4.86x	9.55x	0.65%	176.23Cr
MANILA WATER COMPANY, INC.	6.56x	5.85x	8.56x	6.07%	169.64Cr
Average	32.01x	4.64x	9.85x	4.3%	539.93Cr
Weighted average by Cap.	23.32x	6.11x	11.57x	3.61%